Bitcoin Price Could Hit $200,000 by Year-End: Analyst Sees Path to New High

Recent inflation data showing softer-than-expected price increases has fueled optimism in the crypto market. Bitcoin’s price surged past $108,000 this week as analysts anticipate a rapid rise towards a potential year-end target of $200,000. Matt Mena, a strategist at crypto asset manager 21Shares, points to the CPI report and the possibility of rate cuts from the Federal Reserve (Fed) as catalysts for Bitcoin’s price surge.